Short Interest in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) Grows By 9.0%

C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Get Free Report) was the recipient of a significant growth in short interest during the month of November. As of November 30th, there was short interest totalling 4,730,000 shares, a growth of 9.0% from the November 15th total of 4,340,000 shares. Based on an average daily volume of 1,290,000 shares, the short-interest ratio is currently 3.7 days. Currently, 4.0% of the shares of the stock are short sold.

C.H. Robinson Worldwide Trading Down 1.1 %

Shares of C.H. Robinson Worldwide stock traded down $1.27 on Monday, hitting $110.11. 1,064,853 shares of the company's stock traded hands, compared to its average volume of 1,504,169. The company has a fifty day moving average of $108.16 and a two-hundred day moving average of $99.79. C.H. Robinson Worldwide has a one year low of $65.00 and a one year high of $114.82. The company has a market capitalization of $13.02 billion, a price-to-earnings ratio of 38.10, a price-to-earnings-growth ratio of 1.25 and a beta of 0.83. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.49 and a quick ratio of 1.49.

C.H. Robinson Worldwide (NASDAQ:CHRW - Get Free Report) last posted its quarterly earnings results on Wednesday, October 30th. The transportation company reported $1.28 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.12 by $0.16. The firm had revenue of $4.64 billion for the quarter, compared to analysts' expectations of $4.53 billion. C.H. Robinson Worldwide had a return on equity of 30.38% and a net margin of 1.96%. The company's revenue for the quarter was up 7.0% compared to the same quarter last year. During the same period in the prior year, the business earned $0.84 EPS. As a group, sell-side analysts expect that C.H. Robinson Worldwide will post 4.38 earnings per share for the current year.

C.H. Robinson Worldwide Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, January 2nd. Shareholders of record on Friday, December 6th will be issued a $0.62 dividend. This represents a $2.48 dividend on an annualized basis and a yield of 2.25%. The ex-dividend date is Friday, December 6th. C.H. Robinson Worldwide's payout ratio is 85.81%.

Wall Street Analyst Weigh In

A number of research firms have weighed in on CHRW. Stifel Nicolaus boosted their target price on shares of C.H. Robinson Worldwide from $107.00 to $112.00 and gave the stock a "hold" rating in a research note on Monday. UBS Group upgraded C.H. Robinson Worldwide from a "neutral" rating to a "buy" rating and boosted their price objective for the stock from $100.00 to $140.00 in a research report on Friday, October 4th. Susquehanna dropped their target price on C.H. Robinson Worldwide from $120.00 to $115.00 and set a "neutral" rating for the company in a research report on Friday, November 1st. Robert W. Baird boosted their price target on C.H. Robinson Worldwide from $115.00 to $124.00 and gave the stock a "neutral" rating in a report on Friday. Finally, Citigroup lowered shares of C.H. Robinson Worldwide from a "strong-buy" rating to a "hold" rating in a report on Friday, November 22nd. One analyst has rated the stock with a sell rating, twelve have issued a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, C.H. Robinson Worldwide presently has a consensus rating of "Hold" and a consensus price target of $112.88.

Insiders Place Their Bets

In related news, insider Michael John Short sold 10,408 shares of C.H. Robinson Worldwide stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $109.87, for a total transaction of $1,143,526.96. Following the sale, the insider now directly owns 70,943 shares of the company's stock, valued at approximately $7,794,507.41. The trade was a 12.79 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 1.47% of the company's stock.

Hedge Funds Weigh In On C.H. Robinson Worldwide

Institutional investors have recently made changes to their positions in the stock. FMR LLC lifted its holdings in shares of C.H. Robinson Worldwide by 2,259.1% in the 3rd quarter. FMR LLC now owns 2,557,791 shares of the transportation company's stock worth $282,303,000 after purchasing an additional 2,449,367 shares in the last quarter. Interval Partners LP bought a new position in shares of C.H. Robinson Worldwide in the second quarter valued at $82,581,000. Point72 Asset Management L.P. acquired a new position in shares of C.H. Robinson Worldwide during the second quarter valued at about $69,378,000. ProShare Advisors LLC grew its holdings in shares of C.H. Robinson Worldwide by 26.3% during the second quarter. ProShare Advisors LLC now owns 2,528,787 shares of the transportation company's stock valued at $222,837,000 after buying an additional 526,872 shares during the last quarter. Finally, Citigroup Inc. raised its holdings in shares of C.H. Robinson Worldwide by 137.8% in the 3rd quarter. Citigroup Inc. now owns 431,033 shares of the transportation company's stock worth $47,573,000 after acquiring an additional 249,774 shares during the last quarter. Institutional investors and hedge funds own 93.15% of the company's stock.

About C.H. Robinson Worldwide

C.H. Robinson Worldwide, Inc, together with its subsidiaries, provides freight transportation services, and related logistics and supply chain services in the United States and internationally. It operates through two segments: North American Surface Transportation and Global Forwarding. The company offers transportation and logistics services, such as truckload, less than truckload transportation brokerage services, which include the shipment of single or multiple pallets of freight; intermodal transportation that comprises the shipment service of freight in containers or trailers by a combination of truck and rail; and non-vessel operating common carrier and freight forwarding services, as well as organizes air shipments and provides door-to-door services.